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Stowmarket Barclays branch to close in summer after 'sustained fall' in branch visits across the UK

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A Stowmarket bank is to close after a 16 per cent drop in footfall over the last two years.

Barclays, in Market Place, will shut its doors on July 9 meaning the next nearest branch will be in Princes Street, Ipswich, over 11 miles away.

There are 148 regular customers who use the branch exclusively for their banking.

The branch is to close in July. Picture: Google. (46092164)
The branch is to close in July. Picture: Google. (46092164)

A Barclays spokesperson said no jobs would be lost and current members of staff would be offered alternative roles in the bank.

The spokesperson said: “The decision to close a branch is never an easy one.

"However, customers are increasingly using alternatives to branches to do their banking.

"As a result, we are seeing a sustained fall in branch visits across the UK.

“This is reflected at the Stowmarket branch where there has been a 16 per cent reduction in counter transactions in the two years to March 2020.

"In addition, 84 per cent of our customers at the branch are also using different ways to bank.

“We will work with our customers and provide alternative options to ensure they can continue to manage their money and receive financial expertise when required.”

All customers who use the Stowmarket bank will receive a letter, the decision to close will be displayed in branch, and staff members will be on hand to assist customers with their concerns.

It comes after the East Anglia's Children's Hospice (EACH) shop in Ipswich Street decided it would not reopen its doors today after 'barely breaking even before the pandemic'.

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